The world has to add or replace 50 million miles of transmission lines by 2040, IEA says
https://www.cnbc.com/2023/10/17/world-must-add-or-replace-50-million-miles-of-transmission-lines-iea.html
The world has to add or replace 49.7 million miles of transmission lines by 2040 in order for countries to meet their climate goals and to achieve energy security priorities, according to a new report published by the International Energy Agency on Tuesday.
This remarkable scale up in the construction of transmission lines across the globe will require the annual investment in electric grids of more than $600 billion per year by 2030, which is double what current global investment levels are in transmission lines, the IEA says.
There are currently 1,500 gigawatts of renewable clean energy projects that are in what the IEA calls advanced stages of development that are waiting to get connected to the electric grid around the world. (A mid-size city needs a gigawatt of electricity.)
Goes on to say how there are big bottlenecks in the distance if we don't step up on this.